Nidhi Granites Limited, a company engaged in the granite processing and export business, has officially completed the acquisition of 12,500 equity shares of Auro Fintech Private Limited. The acquisition is in line with the company's strategy to expand its investment portfolio and diversify business operations.

Details of the Acquisition

In accordance with the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Nidhi Granites has informed the BSE of this acquisition. The 12,500 equity shares of Auro Fintech Private Limited have now been transferred in the name of Nidhi Granites Limited, completing the acquisition process.

This acquisition adds to Nidhi Granites' strategic approach to diversify its business and investments, ensuring a strong foothold in related sectors.

Significance of the Acquisition

The acquisition of Auro Fintech aligns with Nidhi Granites' long-term growth strategy and could enhance the company's investment portfolio, particularly in the technology and fintech sectors. By acquiring shares in Auro Fintech, the company gains potential access to new opportunities within the financial technology space.

Disclosure and Compliance with SEBI Guidelines

In compliance with SEBI’s regulations, Nidhi Granites Limited has submitted this corporate announcement to the BSE, ensuring that the information is made publicly available to all stakeholders. This transparency reflects the company’s commitment to adhering to corporate governance standards and regulatory obligations.

This disclosure confirms that the acquisition was completed in line with the company's existing operations and regulatory requirements.

Conclusion

Nidhi Granites Limited has successfully completed the acquisition of 12,500 equity shares of Auro Fintech Private Limited as part of its ongoing efforts to expand its business and investment portfolio. The acquisition aligns with the company’s growth strategy and enhances its presence in related sectors. The company has ensured compliance with SEBI regulations by making the necessary disclosures to the BSE.

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